Payden Low Duration Fund Market Value
| PYLWX Fund | 9.83 0.01 0.10% |
| Symbol | Payden |
Payden Low 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Payden Low's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Payden Low.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in Payden Low on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding Payden Low Duration or generate 0.0% return on investment in Payden Low over 90 days. Payden Low is related to or competes with Payden Corporate, Payden Floating, Payden Absolute, Payden Corporate, Payden Absolute, Payden Absolute, and Payden Emerging. The fund invests in a wide variety of debt instruments and income-producing securities payable primarily in U.S More
Payden Low Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Payden Low's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Payden Low Duration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1546 | |||
| Information Ratio | (0.92) | |||
| Maximum Drawdown | 0.7177 | |||
| Value At Risk | (0.20) | |||
| Potential Upside | 0.2062 |
Payden Low Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Payden Low's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Payden Low's standard deviation. In reality, there are many statistical measures that can use Payden Low historical prices to predict the future Payden Low's volatility.| Risk Adjusted Performance | 0.0831 | |||
| Jensen Alpha | 0.012 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.78) | |||
| Treynor Ratio | (0.77) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Payden Low's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Payden Low Duration Backtested Returns
At this stage we consider Payden Mutual Fund to be very steady. Payden Low Duration maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the entity had a 0.15 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Payden Low Duration, which you can use to evaluate the volatility of the fund. Please check Payden Low's Risk Adjusted Performance of 0.0831, downside deviation of 0.1546, and Standard Deviation of 0.131 to confirm if the risk estimate we provide is consistent with the expected return of 0.0196%. The fund holds a Beta of -0.0133, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Payden Low are expected to decrease at a much lower rate. During the bear market, Payden Low is likely to outperform the market.
Auto-correlation | 0.14 |
Insignificant predictability
Payden Low Duration has insignificant predictability. Overlapping area represents the amount of predictability between Payden Low time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Payden Low Duration price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Payden Low price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Payden Low Duration lagged returns against current returns
Autocorrelation, which is Payden Low mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Payden Low's mutual fund expected returns. We can calculate the autocorrelation of Payden Low returns to help us make a trade decision. For example, suppose you find that Payden Low has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Payden Low regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Payden Low mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Payden Low mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Payden Low mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Payden Low Lagged Returns
When evaluating Payden Low's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Payden Low mutual fund have on its future price. Payden Low autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Payden Low autocorrelation shows the relationship between Payden Low mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Payden Low Duration.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Payden Mutual Fund
Payden Low financial ratios help investors to determine whether Payden Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Payden with respect to the benefits of owning Payden Low security.
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